What is AL3?
AL3 is one of the P&C standards created by ACORD. This standard was developed in the early 1980s. AL3 is designed as a batch communication method for policy and commission data. Data dictionaries and supporting documentation of AL3 standards are stored in the Access database maintained by ACORD. This database is mainly updated every 6 months with new variations and changes.
AL3 standard is widely used across the Insurance industry of the USA for property and casualty data transmission. As per ACORD, more than 500 companies are using this standard.
ACORD AL3 Library […]
The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will be covered by commercial auto insurance.
Commercial auto insurance covers accidents that occur while you or your employees are driving a commercial vehicle. While both personal and commercial auto policies pay for legal and medical bills associated with auto accidents, commercial auto insurance usually covers higher claims, different types of vehicles, and more complex legal issues.
A commercial policy typically ensures all the business’s employees and additional insureds, It means […]
Home personal insurance is a class of property insurance. It pays for the losses and damages to an individual’s residence, along with furnishings and other valuable things in the home. Liability coverage against accidents in the home or on the property is also provided by this insurance.
How does HOME Personal Insurance Policy work?
Every home insurance policy has a liability limit that determines the amount of coverage the insured should receive when an unfortunate incident occurs. This insurance policy covers usually four kinds of incidents on the insured property. These are—interior damage, exterior damage, loss […]
This post tries to give a short introduction to most of the core features inside an Agency Management System. It is compiled based on our experience of developing multiple AMS. Check our parent company Webner’s website https://webnersolutions.com/ to learn more about us or write to us at our development email id firstname.lastname@example.org in case you need help with development or enhancement of your own AMS. Also check our free Web based AL3 viewer at https://products.winsurtech.com/).
As you will read below AMS can be a very vast […]